Morning Movers
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TSLA.NQ -4.18%
Tesla Inc – Down sharply premarket even as the company announced a new agreement with Panasonic to begin producing its new lithium-ion battery for Tesla from as early as 2023, with plans to invest about 80 billion yen ($705 million) in production facilities in Japan.

PTON.NQ -2.48%
Peloton Interactive – The WSJ reported over the weekend suggested that activist investor Blackwells Capital will call on the board of Peloton to remove Chief Executive John Foley.

TECH.STOCKS -1.06%
Big Tech – Important week ahead with MSFT, AAPL and TSLA all set to report earnings. Multiple analysts suggesting the move to safety and away from growth and big tech is “far from over.” MSFT will report after market tomorrow, AAPL Thursday after the close and we’ll get the latest results from TSLA on Wednesday.

KSS.NY 32.45%
Kohls Corp – Sharply higher after a Reuters reported late Sunday suggested private equity firm Sycamore Partners had reached out to the department-store chain about a potential $9 billion takeover offer. A source told Reuters that Sycamore was willing to pay at least $65 per share for Kohl’s, implying a 39% premium to last close. The news came two days after Acacia Research ACTG.O, backed by activist investment firm Starboard Value, offered to pay $64 a share.

COIN.NQ -10.41%
Coinbase Global – Down more than 8% in early trading as the sell off in cryptocurrency markets continues. BTC is trading near July lows after another weekend of sharp selling.

LCID.NQ -5.17%
Lucid Group – Active premarket trading down more than 3% and near the key $36 support level as the wider sell off in EV stocks continues. Multiple negative analyst notes on the group this morning.

PFE.NY -3.43%
Pfizer Inc – Down sharply along with fellow vaccine makers premarket, the head of the WHO said on Monday it would be dangerous to assume that the highly transmissible Omicron was the last variant to emerge and that the world was in the ‘end game’ of the pandemic. Separately, EU regulators are set to rule on Pfizer COVID pill before the end-Jan, ahead of Merck – source –

UL.NY 7.22%
Unilever – Higher on multiple media reports suggesting Trian Partners, the activist fund of U.S. investor Nelson Peltz, has built up a stake in consumer goods giant Unilever.

BTBD.NQ 70.18%
BT Brands Inc – Low float, micro cap burger chain stock higher on social media attention, the firm that operates restaurant chains such as Burger Time reported Q3 net income of $236,000 on total revenue of 2.28 mln in November.

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